US EditionComcast hires bankers to explore bid for Warner Bros Discovery
Comcast has engaged two major financial firms to review Warner Bros Discovery’s assets amid multiple unsolicited offers, assessing strategic acquisition potential in media sector.
- Comcast, NBCUniversal's parent company, has retained Goldman Sachs and Morgan Stanley and gained access to Warner Bros Discovery's data room to explore a bid.
- After receiving unsolicited approaches, Warner Bros Discovery began evaluating options following three offers from Paramount Skydance and declined questions during its third-quarter investor call Thursday.
- Comcast President Mike Cavanagh said the company is evaluating media assets complementary to its business, while industry observers note U.S. President Donald Trump's criticisms of Brian Roberts raise merger concerns.
- Spokespeople for Comcast, Warner Bros Discovery, Goldman Sachs and Morgan Stanley declined to comment while David Zaslav, CEO of Warner Bros Discovery, touted the strength of its film and television studios.
- Netflix has engaged Moelis & Co to assess a possible offer, Reuters reported; Moelis previously advised Skydance Media on its successful Paramount Global bid.
21 Articles
21 Articles
Comcast, On The Move, Hires Bankers To Explore WBD Bid & Eyes ITV’s Broadcast Business
Comcast has hired Goldman Sachs and Morgan Stanley, Deadline has confirmed, to explore a bid for Warner Bros studios and streaming as the sale process around WBD heats up. Separately, the Philadelphia-based media giant, parent of Sky in the UK is also said to be in talks to acquire the broadcasting business of ITV. Last week, Netflix retained investment bank Moelis & Co. to evaluate a potential offer, also for Warner Bros Discovery’s studio …
Comcast Taps Bankers to Explore Bid for Warner Bros. Discovery Assets
Comcast has taken a step closer to making an offer for parts of Warner Bros. Discovery -- but not WBD in its entirety -- with the retention of two banks as advisers, joining Paramount and Netflix in kicking the tires on WBD.
Comcast Hires Bankers to Explore Bid for Warner Bros Discovery
Comcast hires bankers to explore bid for Warner Bros Discovery
Comcast has retained financial advisors and gained access to financial information as it explores a bid for Warner Bros Discovery’s studio and streaming businesses, according to four sources familiar with the matter.
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